Guideline Value for SITHER KUDIIRUPU (PAZHNDI AMMAN KOIL ST.)

Sither Kudiirupu (Pazhndi Amman Koil St.) guideline value

The current guideline value for Sither Kudiirupu (Pazhndi Amman Koil St.) is Rs 1,960 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sither Kudiirupu (Pazhndi Amman Koil St.) has changed

The guideline value for Sither Kudiirupu has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a 500% increase. However, it then dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33% from the previous figure. The value continued to rise, reaching Rs 1,800 per sq.ft in 2023, and finally increasing to Rs 1,960 per sq.ft in 2024, representing a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 553%.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,960 to Rs 3,850 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Sither Kudiirupu is below this median.

• Sivanandam Street: Rs 2,750 per sq.ft (2024)
• Sidharth Nagar: Rs 1,980 per sq.ft (2024)
• Siddhanathar Nagar: Rs 2,750 per sq.ft (2024)
• Siddathatha Nagar 1 To 6 Streets: Rs 2,750 per sq.ft (2024)
• Senthil nagar: Rs 1,960 per sq.ft (2024)
• Sri Abinandhan Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sither Kudiirupu (Pazhndi Amman Koil St.)

For a 1,000 sq.ft plot at the current rate of Rs 1,960 per sq.ft, the guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, totaling Rs 1,76,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sither Kudiirupu (Pazhndi Amman Koil St.)?

The Sub Registrar Office that covers Sither Kudiirupu (Pazhndi Amman Koil St.) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nanmangalam

The guideline value is a crucial factor during the registration of properties in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Sither Kudiirupu?

The current guideline value for Sither Kudiirupu (Pazhndi Amman Koil St.) is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,960 per sq.ft in 2024, marking an overall increase of 553% over the years.

What are the registration fees for property in Sither Kudiirupu?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registration for Sither Kudiirupu?

The Pallavaram Sub Registrar Office is responsible for property registration in Sither Kudiirupu (Pazhndi Amman Koil St.).

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.